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Ok, so just move to Monero. Or use a mixer. Mindblowing, I know.

by nukeop 9y ago

dkersten 9y ago
Or Zcash perhaps, I guess?
- mtgx 9y ago
  Don't forget to use shielded addresses, though.
  - Casseres 9y ago
    And only use shielded addresses: http://jeffq.com/blog/on-the-linkability-of-zcash-transactions/ http://jeffq.com/blog/on-the-linkability-of-zcash-transactio... At least with Monero you don't have to worry about that because everything is private by default.
    - dkersten 9y ago
      Yeah, Monero seems a bit more user friendly in that respect.
    - slededit 9y ago
      Because shielded transactions take a lot of CPU power many ZCash clients (especially exchanges) are refusing to send to private addresses. It really reduces the private pool and reduces the anonymity.
Cthulhu_ 9y ago
Or don't do drugs, drugs are bad, m'kay? I mean come on, go to a shady site, do shady business, know things are illegal.
Casseres 9y ago
Mixers are a bad idea. First, you have to trust that there's no collusion with any entities. Secondly, you have to hope that you don't get tainted coins in return. A more thorough explanation: https://moneroforcash.com/monero-vs-dash-vs-zcash-vs-bitcoinmixers.php#bitcoin https://moneroforcash.com/monero-vs-dash-vs-zcash-vs-bitcoin...
- nukeop 9y ago
  I'm sorry but you've been misinformed. This article is also factually incorrect in many regards. There are no "tainted" coins. For example this excerpt from your article is completely false: "Not all Bitcoins are equal and have the same value. Some Bitcoins have been blacklisted and blocked by several entities, making those coins less valuable than the rest. If you receive Bitcoins that were used in the past for illegal purposes, then your Bitcoins could be blacklisted even though you had nothing to do with the illegal activity." Bitcoins are interchangeable and indistinguishable; exactly alike. They are not physical objects and carry no identifying marks. Their only property is their amount.
  - Casseres 9y ago
    > They are not physical objects and carry no identifying marks. Their only property is their amount. True. It's not the "bitcoin" itself that's being tracked and tainted, it's the transactions between addresses that are being linked. An amount of Bitcoin is just the balance of an address. However a property of Bitcoin is that transactions contain the plaintext address where an amount of Bitcoin was deducted and the plaintext address where the corresponding amount of Bitcoin was credited. Thus you can track an amount of Bitcoin as it was held by different addresses. While it's intangible, it is quantifiable and traceable.

Ok, so just move to Monero. Or use a mixer. Mindblowing, I know.

by nukeop 9y ago

Ok, so just move to Monero. Or use a mixer. Mindblowing, I know.

dkersten 9y ago

Or Zcash perhaps, I guess?

mtgx 9y ago
Don't forget to use shielded addresses, though.
- Casseres 9y ago
  And only use shielded addresses: http://jeffq.com/blog/on-the-linkability-of-zcash-transactions/ http://jeffq.com/blog/on-the-linkability-of-zcash-transactio... At least with Monero you don't have to worry about that because everything is private by default.
  - dkersten 9y ago
    Yeah, Monero seems a bit more user friendly in that respect.
  - slededit 9y ago
    Because shielded transactions take a lot of CPU power many ZCash clients (especially exchanges) are refusing to send to private addresses. It really reduces the private pool and reduces the anonymity.

Cthulhu_ 9y ago

Or don't do drugs, drugs are bad, m'kay? I mean come on, go to a shady site, do shady business, know things are illegal.

Casseres 9y ago

Mixers are a bad idea. First, you have to trust that there's no collusion with any entities. Secondly, you have to hope that you don't get tainted coins in return. A more thorough explanation: https://moneroforcash.com/monero-vs-dash-vs-zcash-vs-bitcoinmixers.php#bitcoin https://moneroforcash.com/monero-vs-dash-vs-zcash-vs-bitcoin...

nukeop 9y ago
I'm sorry but you've been misinformed. This article is also factually incorrect in many regards. There are no "tainted" coins. For example this excerpt from your article is completely false: "Not all Bitcoins are equal and have the same value. Some Bitcoins have been blacklisted and blocked by several entities, making those coins less valuable than the rest. If you receive Bitcoins that were used in the past for illegal purposes, then your Bitcoins could be blacklisted even though you had nothing to do with the illegal activity." Bitcoins are interchangeable and indistinguishable; exactly alike. They are not physical objects and carry no identifying marks. Their only property is their amount.
- Casseres 9y ago
  > They are not physical objects and carry no identifying marks. Their only property is their amount. True. It's not the "bitcoin" itself that's being tracked and tainted, it's the transactions between addresses that are being linked. An amount of Bitcoin is just the balance of an address. However a property of Bitcoin is that transactions contain the plaintext address where an amount of Bitcoin was deducted and the plaintext address where the corresponding amount of Bitcoin was credited. Thus you can track an amount of Bitcoin as it was held by different addresses. While it's intangible, it is quantifiable and traceable.